Having seen Meta Platforms sink heavily late on Wednesday, tech traders were approaching Thursday’s releases from Alphabet (GOOGLE) and Microsoft with some trepidation. But as IGTV’s Jeremy Naylor said all the concerns were blown out of the water with some big news. GOOG stock burst all prior resistance levels to score a new record high as it announced its first dividend and a new strategy on shareholder returns. MSFT shares climbed more than 6% taking the stock, easily, back up above the $3tln market cap level. Snap (SNAP) took the gold medal though and saw its shares up a whopping 30%+ on far better than expected income. The only downside was a 10-mnth low for Intel. While, like GOOG MSFT and SNAP, earnings and revenues beat, it was a relatively benign outlook for Q2 that took its stock price down 6%. But, as IGTV’s Jeremy Naylor says, all this added up to a big rise for the Nasdaq which looks like it will end the week with the biggest gains on Wall Street.
#google #Microsoft #Nasdaq
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